Sentences with phrase «of enclosed malls»

If you are a retail REIT with a portfolio of enclosed malls, like Chattanooga, Tenn. - based CBL & Associates Inc., you can't take this lying down — you need a strategy.

Amid the more than 1000 of enclosed malls in America, «we're going to come to the point where we have 600 or 650 that are configured the way they are today.

GGP purchased 100 % of the enclosed mall from Pecanland Mall Holdings LLC.

Not exact matches

«Accelerating competition from e-commerce channels and changing consumer preferences have challenged the business model of REITs that focus on owning and operating malls, which we define as enclosed structures with both department stores and inline tenants,» Thuy Nguyen, a Moody's Vice President says.

Orland Park Place, on La Grange Road at 153rd Street, opened as an enclosed mall in 1981, but many of its stores went out of business and sat vacant for years.

Inspired by the harsh winters in its main base of Minneapolis, Dayton blazed a retail trail in 1956 with a two - story indoor shopping center that became the world's first fully enclosed mall.

Raymond Nasher built Dallas's NorthPark Center, an enclosed shopping mall that houses part of the collection and «turns shopping into a world - class cultural experience,» boasts the mall's website.

RCT Systems Inc., developer of the National Retail Traffic Index, estimates that 1.2 billion people shopped at the nation's enclosed malls this holiday season.

The area also appears ready to embrace outdoor shopping, with the majority of new projects featuring open - air design and a large number of older enclosed malls being reconfigured to emphasize the outdoors.

Most of the existing 470,725 sq. ft., enclosed mall will be demolished, and the center will be rebuilt as an open - air, entertainment and retail development.

Damas estimates that together and individually they have visited two - thirds of the country's enclosed malls.

In the past few years, much has been made of the fact that the enclosed regional mall concept is outdated and customers are

Their first effort: They recently broke ground on a new site in Manaus, a remote city of about two million in the Amazon, for a 450,000 - square - foot enclosed mall.

While Taubman is focusing on the enclosed mall portion of the development, it's also talking to potential tenants about a possible cineplex and an outdoor, Main Street - style area that may or may not be included in the mall's first phase.

Property - tax costs comprise about 20 percent of all operating expenses for enclosed U.S. malls and one - third of operating expenses for open - air centers, says the International Council of Shopping Centers.

The office sector posted a return of -0.5 % compared to 29.5 % for all retail REITs and 29.8 % for enclosed mall REITs.

CBL owns more than 4.5 million square feet of retail space in Nashville, including three enclosed regional malls — CoolSprings Galleria, Hickory Hollow Mall and RiverGate Mall.

The Johnstown, Pa. company owns and operates 28 enclosed malls in Pennsylvania, Virginia, Maryland, West Virginia and Tennessee with a total of 17 million square feet of retail space.

At the end of 1999, for example, CBL & Associates, which owns 140 properties including 30 enclosed regional malls, saw its ratio rise to 61 %.

The 1.2 million sq. ft. enclosed mall accommodates all of today's successful formats, from time - tested department stores and specialty retailers to the latest entertainment offerings and big - box retailers.

The four enclosed regional malls are valued at approximately $ 634 million and are encumbered by approximately $ 412 million of non-recourse mortgage loans.

Poag & McEwen of Memphis was among the landlords that pioneered the format in the late 1980s, characterizing lifestyle centers as outdoor retail centers leased to tenants generally found in enclosed malls.

It might be tempting to slot food halls as dressed - up food courts that are tucked into the far corners of traditional enclosed malls.

«We have 59 enclosed malls, and it's the bulk of our revenues,» says Stephen Lebovitz, president of CBL.

Jersey Gardens is a development of Glimcher Realty Trust, a Columbus, Ohio - based REIT that is a recognized leader in the ownership, management, acquisition and development of enclosed regional and superregional malls, value megamalls and community shopping centers.

WP Glimcher's commitment to being all things to all people — owning enclosed malls, open - air centers, strip malls, as well as a variety of top - tier and bottom - tier assets — makes it hard for investors to wrap their heads around what exactly Glimcher is trying to accomplish.

This expertise includes all forms of retail, ranging from small unit leasing to street front, specialty retail, commercial condos, enclosed malls or large format retail.

Today, Winwood Mall is called Winwood Town Center, and has been transformed from enclosed mall into a row of both Big Box and smaller stores in typical strip - mall fashMall is called Winwood Town Center, and has been transformed from enclosed mall into a row of both Big Box and smaller stores in typical strip - mall fashmall into a row of both Big Box and smaller stores in typical strip - mall fashmall fashion.

When it was built in the 1960s, Oakway Center stood out as the first enclosed mall in the northern suburbs of Eugene, Ore..

Even a store stuck in a corner of a big enclosed mall is all but assured a share of the traffic, says David Schulman, president and CEO with ChainLinks Retail Advisors Inc. in Atlanta.

Of these unconventional anchors, about 16 required some addition to an enclosed mall.

To enhance its 67 enclosed malls, located mostly in the Southeast and Midwest, CBL employs an aggressive policy of recruitment with major retailers.

CBL is now set to have a total of 22 nontraditional anchors in its enclosed malls by 2005.

CBL & Associates, owner of 67 enclosed malls primarily in the Southeast and the Midwest, has seen other formats siphon away traffic.

To use Kmart locations, in strip malls and power centers to move the retailer out of the traditional enclosed mall to «where the Best Buys, Targets and Home Depots are.»

Macerich Co.'s the Oaks Shopping Center in Thousand Oaks, Calif., for example, is in the midst of a $ 250 million multi-phase renovation and expansion that is transforming the traditional enclosed mall into a contemporary shopping center with both open - air and enclosed shopping areas.

Some of the malls on the brink in Minnesota are smaller than the trade group's definition of a regional mall, which spans enclosed structures of 400,000 to 800,000 feet.

«Tenants today really don't want to be in enclosed malls in smaller towns,» said developer Brian Pellowski, owner of PBK Investments.